TRUMP BLOCKS BROADCOM TAKEOVER BID FOR QUALCOMM
Mar 20, 2018
2 minutes
President Donald Trump blocked Singapore chipmaker Broadcom from pursuing a hostile takeover of U.S. rival Qualcomm, ruling the proposed combination would imperil national security.
The decision, announced late Monday, abruptly ends Broadcom’s four-month, $117 billion bid to buy Qualcomm — a deal that would have been the largest ever completed in the technology industry.
In a
You’re reading a preview, subscribe to read more.
Start your free 30 days